APL Federal Credit Union - Mortgage and Home Equity - Home Equity Line of Credit (HELOC)

Take Advantage of the Best Home Equity Rates in Years …
And Get a Free $100 The Home Depot® Gift Card!

Home Equity rates have dropped to the lowest level since 2004. And if that is not enough incentive, APL Federal Credit Union will give you a FREE $100 GIFT CARD to THE HOME DEPOT® when you open a new Home Equity Line of Credit or Mini Home Equity Loan by July 31st, 2008.

Simply open a new HELOC or Mini during the promo period, with an initial draw or loan amount of $10,000, and you will qualify for the $100 gift card. Proceeds must be taken within 7 days of the closing date.

APL Federal Credit Union is not affiliated with The Home Depot®. The Home Depot® is not a sponsor of this promotion.
The Home Depot® is a registered trademark of Homer TLC, Inc.

Home Equity
Line of Credit

5.00% APR

FREE $100 to The Home Depot® Gift Card! limited time

NO CLOSING COSTS

Credit Lines from $5,000 to $200,000. Borrow up to 90% of your home's value, less any liens.

Monthly Minimum Payments of Just 1% of Your Outstanding Balance (except for balances below $10,000, which require a $100 minimum monthly payment).

A Variable Interest Rate = Prime + 0% *

An open-end line of credit available anytime through Online Banking, Audio Response, phone, or walk-in.

No minimum initial draw requirements or penalties for paying loan down early. Lines with a $0 balance remain open for future use.

Mini Home
Equity Loan

5.45% APR

FREE $100 to The Home Depot® Gift Card! limited time

NO CLOSING COSTS - pay only county recording fees

Borrow as little as $5,000 or as much as $50,000 (based on 90% market value less liens)

Low fixed rates with terms up to 12 years

Members are permitted two Mini Home Equity Loans at the same time; however, the aggregate may not exceed $50,000.

Equity is the most powerful tool in your home! With a Home Equity Loan you can make home improvements, consolidate debt, fund tuition or medical expenses, drive away in a new or used vehicle, build your business, or just be prepared for the unexpected. Whatever the need, there's NEVER BEEN A BETTER TIME to apply. The versatility of a Home Equity Loan gives you plenty of possibilities. While your imagination may run wild, your monthly payments don't have to. Payments are affordable and fit any budget. Take a look at the following illustration:

Before Consolidation	Current Balance	Current Monthly Payment	Consolidated Balance	APLFCU Monthly Payment
Sarah's Tuition	$10,000	$150	---	---
New Deck	$3,000	$155	---	---
Auto Loan	$13,000	$300	---	---
Credit Cards	$4,000	$175	---	---
APLFCU Home Equity Loan	---	---	$30,000	$300
TOTAL	$30,000	$780	$30,000	$300

Based on this example, you could save $480 per Month!

* The rate may vary monthly and is based on the highest Prime Rate as published in the Wall Street Journal on the last day of each month, effective the following day.

** Please consult your tax advisor on deductibility of interest charges.

Early termination fees apply for lines open less than 36 months. Adequate homeowners insurance required.